Do Bankruptcy Codes Matter? A Study of Defaults in France, Germany, and the U.K.

By Sergei Davydenko, Julian R. Franks. 2008

563 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/78f85e9e68434967ab8bbbeed70e29f315079364

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Citations in the corpus

The Sensitivity of the Loss Given Default Rate to Systematic Risk: New Empirical Evidence on Bank Loans (2008, result): “Gupton et al. (2000) and Davydenko and Franks (2008) corroborate the results of our analysis.”
The Sociology of Finance (2011, background): “Some national bankruptcy systems are more debtor friendly than others, and even though lenders structure their loans to adapt to legal differences, credit recovery rates still vary across legal jurisdictions (Davydenko & Franks 2008).”
Institutions, ownership structures, and distress resolution in China☆ (2013, background): “Our study is closely related to the paper by Davydenko and Franks (2008) that investigates how bankruptcy law influences lending and borrowing practices in a number of European countries.”
Competition and the Cost of Debt (2012, unknown): “level of creditor protection (Bae and Goyal, 2009; Qian and Strahan, 2008), bankruptcy codes (Davydenko and Franks, 2008), asset redeployability (Benmelech, Garmaise, and Moskowitz, 2005; Benmelech and Bergman, 2009), corporate governance (Chava, Livdan, and Purnanandam, 2009), accounting quality (B”
Does Collateral Help Mitigate Adverse Selection? A Cross-Country Analysis (2011, unknown): “Berger and Udell (1995) observe that 53% of firm loans are secured in the USA; Davydenko and Franks (2008) observe that 75.7% of firm loans are secured in France and 88.5% in Germany; and Degryse and van Cayseele (2000) show that 26% of firm loans are secured in Belgium.”
The differential impact of leverage on the default risk of small and large firms (2020, unknown): “We perform two new robustness tests following Djankov et al. (2007) and Heitz and Narayanamoorthy (2018) to distinguish countries with strong creditor rights from those with weaker rights.”
Strategic default and equity risk across countries (2012, background): “For example, Davydenko and Franks (2008) study how international bankruptcy codes a¤ect distressed reorganizations; Acharya, Sundaram and John (2010) and Acharya, Amihud and Litov (2010) examine how bankruptcy codes a¤ect the rms capital structure and risk taking, respectively; Acharya and…”